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FMCG firms staring at muted revenue growth this and next fiscals amid inflation, sluggish rural demand

Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5...

Marico acquires Vietnamese personal care brands in Rs 172 crore deal

Homegrown-FMCG company Marico to acquire Vietnam-based Beauty x Corporation in an all-cash deal to expand its presence in Vietnam New Delhi: Marico on Friday said it will acquire Vietnam-based Beauty X Corporation, which owns female personal care brands 'Purit de...

FMCG brands witness uptake in winter products, hopeful of rural growth in coming qtrs

FMCG makers such as Dabur, Emami and Marico are witnessing pickup in their winter-specific products portfolio ranging from skin care products to immunity products such as chyawanprash and honey New Delhi: Leading FMCG makers are witnessing encouraging trends from the...

HUL to acquire majority stake in OZiva and 19.8 pc in Wellbeing Nutrition; to invest Rs 335 crore

Hindustan Unilever Limited invested in OZiva and Wellbeing Nutrition to foray into the health and wellbeing segment  New Delhi: Leading FMCG maker HUL on Thursday announced the acquisition of a majority stake in OZiva and a 19.8 per cent equity in...

Inflation for FMCG segment cooling down, volume from rural markets going to improve, says ITC CMD

ITC Chairman Sanjiv Puri said volume growth from rural markets is going to be better as the inflationary pressure on the FMCG calms down New Delhi: Inflationary pressure on the FMCG segment is "cooling off a little" and volume growth...

FMCG makers keeping close watch on softening commodity prices; may extend some benefits

Softening of commodities prices will help the FMCG firms in improving their profit margins and also some elbow room to pass on the benefits to consumers New Delhi: Leading FMCG companies say they are keeping a close watch on...

FMCG industry continues to see slowdown; sales volume falls in rural mkts in Sept quarter: Report

The FMCG industry witnessed an overall volume decline of 0.9 per cent in the September quarter in comparison to the preceding three months New Delhi: The country’s FMCG industry continued to witness consumption slowdown in the September quarter, with rural markets...

HUL and GSK Consumer to terminate distribution agreement for OTC products

The agreement was for brands such as Crocin, Eno, Iodex, Ostocalcium, Otrivin, and Sensodyne. The one-year notice period for termination shall commenced from November 9, 2022 New Delhi: FMCG major Hindustan Unilever Ltd (HUL) and healthcare firm GSK have mutually decided...

Britannia Industries Q2 net profit rises 28.5 pc to Rs 490.58 cr; income up 21 pc to Rs 4,380 cr

Its total revenue from operations climbed 21.40 per cent to Rs 4,379.61 crore from Rs 3,607.37 crore in Q2 FY22. This is the company’s “highest quarterly revenue” recorded. New Delhi: Bakery foods company Britannia Industries Ltd on Friday reported a 28.47...

FMCG makers expect margins improvement and comeback of rural sales from Q3 as inflation eases

In the September quarter, FMCG companies reported a price-led growth in their top line. While in some segments, FMCG makers such as Britannia, Dabur and Nestle have reported volume growth as well New Delhi: The FMCG industry expects an improvement in...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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